Dubai – Mubasher: The Investment Corporation of Dubai (ICD) on Thursday said that its profits in 2016 decreased on an annual basis to AED 21.1 billion in 2016, compared to AED 27.5 billion in 2015.

ICD’s assets increased 7% to reach AED 769.9 billion in 2016, compared to AED 720.1 billion in the year earlier, according to a statement.

Year-on-year, the corporation’s revenues shed 0.6% to AED 176.3 billion, from AED 177.4 billion.

Leisure and tourism acquire about 13% of ICD’s assets.